Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Arkansas |
| Effected Jurisdiction: | Arkansas |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2020 |
| Program name: | InvestArk Program |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | Arkansas Code Annotated Section 15-4-2706(c) |
| Abating jurisdiction(s): | State of Arkansas |
| Applicable taxes: | Sales and Use Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). |
| Gross revenue loss: | $33,629,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $33,629,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.dfa.arkansas.gov/accounting-office/acfr/ |
